Nifty continued the bear trend and closed at 5516 .Today the first resistance for nifty is at 5538-43 level.Next resistance is at 5555-59 level.Next resistance is at 5582-87 level.Next resistance is at 5616-19 level.Next resistance is at 5647-52 level.Next resistance is at 5669-73 level.Next resistance is at 5715-20 level. Next resistance is at 5737-42 level.Next resistance is at 5763-68 level. On downside first support is at 5498-93 level.Next support is at 5477-73 level.Next support is at 5450-45 level.Next support is at 5434-30 level.Next support is at 5413-08 level.Next support is at 5375-71 level.Next support is at 5349-44 level.Next suport is at 5328-25 level. The nifty is still in bear trend so be very alert and close above 5535 is required for bull trend to again back in action and on downside below 5445 more selling will happen.So today the main intraday hurdle are at5543 and 5559 level.
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